This lecture is based on the “Introducing the Economy” chapter from the Economy Studies book, which introduces the first building block in our framework for transforming the economics education. The aim is to give students a feel and understanding of the economy as part of a bigger whole. Thus, it is aimed to introduce to students before getting into the economics curriculum with theory and models. We want students to reflect on, and develop some answers to the following questions:
What is the economy?
Why is it important?
How is it embedded in the larger social and natural world?